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Cruisin’ the ‘burbs: City dwellers are looking out for a deal in these 10 secondary markets
Accepting long commutes or taking new jobs, home buyers are looking for affordability further afield
As home prices continue to rise and listings dwindle, more and more people are looking for a new pad in suburbia or beyond.
Realtor.com analyzed search data to compile a list of the top 10 markets would-be home buyers are interested in and found that they’re looking farther afield than just the outskirts of big cities, though there are a few commonalities across the board.
“The markets on this list offer affordable housing options and a chance to move up for those who are willing to change jobs or take on longer commutes,” said Realtor’s director of research Javier Vivas.
Here’s a look at the spots buyers are considering in lieu of an expensive major city. — Erin Hudson
1. Spokane, Wash.
Median list price: $264,000
Median income: $51,000
Estimated job growth in 2018: 2.7 percent
2. Portland, Maine
Median list price: $340,000
Median income: $68,000
Estimated job growth in 2018: flat
3. Knoxville, Tenn.
Median list price: $247,000
Median income: $52,000
Estimated job growth in 2018: 0.9 percent
4. Deltona-Daytona Beach, Fla.
Median list price: $270,000
Median income: $47,000
Estimated job growth in 2018: 2.7 percent
5. Boise, Idaho
Median list price: $299,000
Median income: $56,000
Estimated job growth in 2018: 2.3 percent
6. Jacksonville, Fla.
Median list price: $307,000
Median income: $59,000
Estimated job growth in 2018: 2.2 percent
7. Charleston, S.C.
Median list price: $364,000
Median income: $63,000
Estimated job growth in 2018: 0.9 percent
8. North Port Sarasota-Bradenton, Fla.
Median list price: $350,000
Median income: $60,000
Estimated job growth in 2018: 2.1 percent
9. Bakersfield, Calif.
Median list price: $239,000
Median income: $56,000
Estimated job growth in 2018: 1.1 percent
10. Chattanooga, Tenn.
Median list price: $230,000
Median income: $53,000
Estimated job growth in 2018: 2.6 percent